"There are further declines ahead for the dollar,'' said Antje Praefcke, a Frankfurt-based currency strategist at Commerzbank AG, Germany's second-largest lender.
http://tinyurl.com/2a9uvd
World Bank warns of shift
STATE-backed sovereign wealth funds are likely to diversify their investments and move away from US dollar-denominated assets, a World Bank official says.
http://tinyurl.com/yufs6f
U.S consumer spending slows
U.S. consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.
http://tinyurl.com/2735gu
Dr. Peter Morici: US Recession - Knocking down False Gods
The US recession is a wake up call. Americans need to confront some false gods--free trade, gas guzzlers and Wall Street.
http://www.finfacts.com/irishfinancenews/article_1013016.shtml
From Information Clearing House
http://freepage.twoday.net/search?q=Dollar+drop
http://freepage.twoday.net/search?q=World+Bank
http://freepage.twoday.net/search?q=consumer+spending
http://freepage.twoday.net/search?q=credit+crisis
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=Peter+Morici